Sage 50 Accounting - US Edition Detailed & Advance Course

Learn how to create a new company in Sage 50 accounting, including entering the company name and address, selecting business type, and choosing accrual accounting with real-time posting.

Create a chart of accounts in Sage 50 US edition by adding unique account IDs and naming ledger accounts like cash on hand, accounts receivable, inventory, fixed assets, and expenses.

Learn to manage Sage 50 ledgers by adding and deleting chart of accounts, entering opening balances, and generating chart of accounts reports and the trial balance.

Record general journal entries in Sage 50 US edition by inputting capital and cash transactions, balancing debits and credits, saving entries, and reviewing journal reports.

Set up a recurring monthly entry in sage 50 accounting us edition to move 10,000 from prepaid rent to rent expense, and verify with the general ledger.

Create a stock item in Sage 50 by entering inventory details, price levels, and cost method, and assign sales, inventory, and cost of sales accounts, barcode and location.

Create master stock items in sage 50 by defining a stock item with an id and description, applying average costing, linking sales, inventory, and cost accounts, and detailing laptop variants.

Learn to create multiple stock classes in Sage 50 by configuring stock items, labor, services, and activity items with descriptions, accounts, price levels, and maintenance income setups.

Learn how to perform inventory adjustments in Sage 50 US edition by correcting opening balances with negative unit changes for damaged or stolen stock after a physical count.

Create an assembly stock item for Honda Civic, enter its bill of materials with components and quantities, save the BOM, and verify on-hand stock in Sage 50.

Build assemblies in sage 50 accounting us edition by entering item id, production date, and quantity, then review bill of materials and inventory reports to track costs.

Configure vendor default information in Sage 50 by setting payment terms, due dates, early payment discounts, credit limits, and related expense and discount accounts for accounts payable.

Create new vendors in Sage 50 and enter their master data, including general information and addresses. Record opening balances for three suppliers and configure accounts payable, terms, and payment methods.

Learn to view and customize the vendor list report in sage 50 accounting, export or email it, and verify three suppliers' contact details under accounts payable.

Create and manage purchase orders in Sage 50 Accounting US edition, selecting vendors, entering items with quantities and prices, and generating reports, with dropship, templates, save, and email options.

Learn to view and analyze purchase order reports in Sage 50, including the purchase order journal and register, filter by period, vendor, and status, and review item-level details.

Learn to receive inventory from a supplier, handle partial versus full purchase orders, and apply receipts to the purchase order to generate a purchase invoice in Sage 50.

Learn how to process partial payments to vendors in sage 50 accounting by applying payments to invoices, generating vendor ledger reports, and tracking remaining balances.

Master partial payments against multiple vendor invoices in Sage 50 Accounting, including issuing checks, applying payments to specific invoices, and reviewing the vendor ledgers to reflect a remaining balance.

Learn how to perform a full payment against an invoice in Sage 50, including selecting the vendor, entering the check details, and applying the full amount to the balance.

Learn to record a vendor credit memo in sage 50 us edition for damaged stock, including vendor selection, credit memo details, inventory account, and review of ledgers.

Record a supplier invoice and partial payment, then create and apply a vendor credit memo to the open invoice, updating accounts payable and the vendor ledger.

Learn to handle purchase returns in Sage 50 by choosing replacement or refund, and record the transaction in accounts payable, including credit memos and cash refunds.

Learn to record a supplier down payment in sage 50 accounting, create a vendor, issue a 100,000 down payment, receive 80,000 and 20,000 invoices, and reconcile the balance to zero.

Configure default customer information in Sage 50 US edition by setting terms, credit limits, and accounts, then tailor aging, finance charges, payment methods, and default email messages for invoices.

Learn to create a customer in sage 50 accounting, including entering a customer id, assigning a name, selecting customer or prospect status, and configuring billing, contact, history, and sales details.

Discover how to create customers in sage 50 us edition, enter opening balances via the customer beginning balances tab, and review the accounts receivable reports including the customer list.

create a quotation for a prospect in sage 50 accounting us edition by entering customer, date, and line items, then save after reviewing the total, customer balance, and credit limit.

Learn how to view quotes reports in Sage 50 Accounting, navigate accounts receivable, inspect quote totals, and convert the report to a file for further use.

Learn to convert quotations to sales orders, update the customer from prospect to sale order, and review sale order reports and registers in Sage 50 Accounting.

Learn to convert a sales order into a sales invoice in Sage 50, and view customer ledger and accounts receivable reports to manage credit limits and balances.

Learn how to record full and partial customer payments in Sage 50, including ledger checks, receipts, check references, invoices, balances, discounts for early payment, and receivables reports.

Learn to record sales returns as credit memos in Sage 50 US, update customer ledgers, apply credits to invoices, and review accounts receivable reports.

learn how to process a customer refund or replacement in Sage 50 accounting - US edition, including recording credit memos, issuing replacement invoices, and processing cash refunds against accounts receivable.

Record a down payment in Sage 50 US edition as a cash receipt linked to the customer, then issue a sale invoice for the remaining balance and check customer ledger.

Record memorized transactions in Sage 50 US edition by creating recurring journal entries for expenses like electricity, internet, and stationery, using a unique transaction id and reference, and debiting expenses.

Record and access memorized transactions in Sage 50 Accounting - US Edition, covering sales invoices, purchase orders, and payments with unique transaction IDs, quantities, prices, and dates.

Learn to write checks to vendors in Sage 50 accounting, including creating, editing, and printing checks, selecting bank accounts, splitting expenses, and reviewing check-journal entries.

Record bank deposits in sage 50 by creating new deposits, posting checks, and reconciling deposits with the bank.

Learn to reconcile cash and bank accounts in Sage 50 Accounting – US edition, including selecting periods, reviewing deposits in transit and outstanding checks, and generating reconciliation reports.

Create and manage a job in Sage 50 accounting by defining a unique job code, enabling phases, and tracking estimated expenses and revenue for profitability reporting.

Create job phases in Sage 50 accounting to track a building project from creating and site preparation through foundation construction and farming, including doors, windows, electrical, and plumbing work.

Learn how to create cost codes in Sage 50 accounting US edition for job costing, assigning labor, material, and equipment costs to foundation construction projects.

Enter estimated expenses and revenues for a job in Sage 50 accounting US edition. Add labor, materials, and equipment costs with expected revenues, then save.

Learn to post actual costs and revenues for a building project in Sage 50, recording labor, materials, and machinery, and review job profitability via built-in reports.